If you are the richest of SA's rich, Sandhurst is where you choose to live. Anew study shows there are 36 multimillionaires, with a worth of more than R240 million, living in the suburb.

The statistics are from London-based global wealth consultancy WealthInsight's research and part of its report, South Africa - The Future of HNWIs (high net worth individuals) to 2016: The Rise of African Wealth.

Analyst Andrew Amoils says wealth is so evident in this suburb that one in every 20 residences is owned by a multimillionaire.

Bryanston comes in second with 31 multimillionaires and Hyde Park is third with 26.

Amoils says the figures do not include the many international multimillionaires who own property in many of Cape Town's prestigious suburbs.

The study found that SA has the highest number of millionaires in Africa, making it the continent's hotspot for luxury brands.

As of last year, there were just more than 44 700 millionaires in the country, with a